This announcement comes after deputy prime minister Lawrence Wong underscored potential investments in this area in the Budget 2024 speech on Feb 16.
The Infocomm Media Development Authority (IMDA) will invest up to $100 million to upgrade the country’s nationwide broadband network (NBN), so that it will run on higher speeds of up to 10 gigabits per second (Gbps) by 2028.
The investment will support both the upgrading of front-end user equipment and back-end network, over mid-2024 to 2026, according to a release by IMDA.
